Mutual Funds

Mutual Funds A portfolio of stock market shares and other financial instruments built with funds collected from (usually) small investors whose primary concern is security of investment. These funds are run by government trusts, banks, and now private financial institutions as well. These funds can be OPEN – FUNDED or CLOSED – ENDED.

There are different kinds of mutual funds to cater to varied investment objectives: Growth Funds, Income Funds, Balanced Funds, and Liquid Assets Funds, also known as Money Market Funds.

What is known in the United States and India as a mutual funds is called a Unit Trust in Britain .